Benefits of Solar Energy
Solar energy has numerous advantages that will enhance your home for years to come.
- Lower utility costs: Producing some or all of your own electricity will spend less on electricity long-term.
- Reduced carbon footprint: Using solar is a surefire way to reduce your carbon footprint and home fossil fuel dependency.
- Better energy independence: Adding a battery backup lets you have dependable energy during grid outages and storms.
What Solar Incentives Are Available to Estero Homeowners?
Governments and power companies often incentivize homeowners for switching to solar. Here are some of the tax credits, rebates, or other programs you could qualify for.
Incentive Type: Sales Tax Incentive
Incentive Type: Property Tax Incentive
Residential: 100% of the added value
Non-Residential: 80% of the added value
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Estero
The purchase price and efficiency of solar panels often hinge on which company installed them. Make your choice based on the following important considerations.
Licensing and Training
Once an electrical professional in Florida has four years of field experience, including one year as an apprentice, they can pass two tests to earn a CV license with the Florida Construction Industry Licensing Board. The Sunshine State also allows electrical contractors to install solar panels, but they may need to subcontract some tasks to a licensed roofer. Solar companies can also pursue accreditations from trade groups and standards organizations. The top ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Estero
The kind of solar panels you purchase determines how much power you can produce. Monocrystalline panels give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't meant for large home installations, but they're excellent for small projects like sheds and RVs.
You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total project price, but they can enhance your solar system's performance. Not all solar contractors provide these add-ons, so look for a company that sells them if it's important for you.
Generally speaking, it will cost about $16,050 for a five-kilowatt solar array in Estero. This table displays more specific pricing information for different solar panel types and system components in your area.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Estero
Choosing the ideal financing plan will impact your overall solar system cost and possible savings. Common payment options include cash payments, loans, power purchase agreements, and leases. Though it involves a large up-front payment, cash is the most economical choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the next best option. As with a home or auto loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for cost-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to pay a monthly fee to rent your panels, while a power purchase agreement lets you pay a fluctuating rate based on only the energy you use. We generally don't recommend these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be suitable in specific circumstances. Ask each installer you're vetting about the financing options it offers. A salesperson can help you determine the optimal option for your pocketbook.
The table below lists the average payback periods for different capacities of solar systems in Estero.
You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own financing plans and rebates that could reduce your total cost even more.
|Solar System Capacity
|Estimated Payback period
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Frequently Asked Questions About Solar in Estero
How much money could I save by going solar in Estero?
How popular is solar energy in Estero?
Should I expect a property value increase after adopting solar power?
How can I determine my property's solar suitability?
Is solar panel installation a fast job?
What's the average solar system size in Estero?
What are the signs I shouldn't use a particular solar company for my job?
- Pushy sales approach
- Dodging questions about credentials and training, warranties, cost and references
- Inflexible options
- Superficial, rushed site evaluation
- More mixed or negative reviews than positive ones
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